Search results

For years I thought the bane of my trading attempts was my desire to be right about a trade. I noticed that when I was convinced I was right I had to use much more self discipline to refrain from scaling up or buying more or leaving a wider stop, and when I thought I was wrong I had to use self...

Great question. I've read all the answers and thought I'd post since none of them go much beyond the superficial reasons stock prices move up. But first, let me explain "price" since it seems to be understood from a consumer's perspective rather than a market perspective. It's a mistake to think...

Thanks for the input. Based on the options I'm trading, I think 1/50 would be more than enough. I guess I can use that figure as a base line estimate and figure the rest out when I get there.

My goal in trading has always been to be able to do it without stress, anxiety, fear, hesitation, worry, or anything else that would impact my health or my ability to trade long-term. Having recently achieved this life-long trading goal, I'm now certain that improving trading skill is, for...

How did you come to the answer of 50 times? Experience? or something else? I'm actually just trading the options. Not exercising or rolling. Buy before expiration, sell before expiration. My account is getting pretty big and while it's nowhere near a limit, I'm just curious to have an idea...

There are 3 things that make you successful. Read any self-help book and you'll find 2 of them...desire, and talent. Or hard work and skill. Or effort and ability. However they are packaged, those are the two common components of success. The third one, almost never spoken of or acknowledged, is...

Looking for clarification on something I've never had to deal with before. I was wondering if anyone had done research or knows of statistical data showing some kind of relationship between an option's open interest and the largest order I could get to go through with decent speed and...

It was the only one that would get me where I want to be. I don't want to work for a living. I want a relatively passive income with limitless potential. I'm a walking buzzword for network marketing and pyramid schemes, but they all fall short of what I want. Not passive enough. Not limitless...

I'm sure I've posted on this thread before. Whatever I said, I was wrong. The last thing I learned before becoming successful did not happen a year ago when I likely posted whatever I thought it was... The last thing I learned before becoming successful was a positive explanatory style and it...

I agree with this. The reason the market has made a new high while unemployment is still not recovered, nor the rest of our economy, is simply because so much more money has been added to the pot. So many people who lost money in their 401K's in 2008 decided to take up trading and they added...

I wanted to post this up, I just invented a reality based game to simulate trading for a living with real money. I made it after realizing my problem with trading is that my long term approach was leaving me out of touch with the real life consequences of trading poorly. If you have trouble...

It's still in the process. I just wanted to see if everyone else thought he built a good case in the psychology section, and if it was communicated clearly. You're asking for the rest of it. Does that mean you found it helpful or, at least a good read? Were there any gaps that you'd like to see...

You might do okay for half the day, but I wouldn't think a 75% retracement in one day would lead to any significant drop tomorrow. The valleys are rising (June 6 and June 13) which means the peak will likely rise too. I'm long (as of 11:30 today) and will be until above 165.30 in SPY or until I...

+1 for daniel OP, something I did that helped me immediately is to cover up the price ticker and the flashing red and green streaming quotes. If all I can see is the streaming chart and nothing else, then the very small changes + or - a penny are hardly visible and, therefore, cause much...

Since we're bragging, 6'1, 205, full time swing trading from home for 6 years, 30 years old, 4:46 mile this year.

congrats to achilles for resurrecting a zombie thread. From 2008 dead till the middle of 2013! Awesome.

You've got it backwads. The problem with trading is that, long before any of us started doing it, we DID build connections between brain cells to learn something on an automatic level. In order to be successful on an automatic level - as opposed to through self-discipline or automation or...

I don't think you know how an edge works. An edge is not something that gives you an advantage over other individual traders. It is something that gives you a statistical slant towards growth over time. The game is played with 5 Michael Jordans and 10,000 Joe Schmo's. The 5 Michael Jordans...

I can show you two options. Option 1, pick an entry point somewhat at random (within 10 or 20 cents of your target) and place a stop at a place you think the price will not go if you're right. Size your position so that the difference between your entry and your limit only yields a loss of a...

I did some emotional analysis of my trading and found something that logically is wierd. It seems that the better the outcome -from my biggest risk limit of 2% to the smallest win of about 1-2% - the more stress I experience. Once I clearly have a winner, I can manage the trade just fine, but...